Bajaj Finance Limited
LIC increased its stake in Bajaj Finance from 2.75% to 3.00%, raising its shareholding from 171,287,665 to 186,656,472 shares. This involved buying 1.54 crore shares worth ₹1,414 crore. The current share price of Bajaj Finance is ₹1077.00.
A leading non-banking financial company in India, Bajaj Finance provides comprehensive lending services across retail, small and medium enterprises, and commercial customer segments. The company operates extensively in both urban and rural markets with a diversified loan portfolio. It accepts public and corporate deposits while offering a range of financial services products including insurance and investment solutions to its customers.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.